Saturday, October 10, 2026

February 13, 2025

Gold Prices Rise Slightly

Muscat: Gold prices rose slightly today, after falling more than 1% in the previous session. Spot gold rose 0.1% to $2,905.12 per ounce. US gold futures were steady at $2,929.60. According to Oman News Agency, spot silver rose 0.1% to $32.26 per ounce, platinum was steady at $992.32, and palladium

Oil Falls Amid Expectations of Potential Peace Deal between Ukraine and Russia

Muscat: Oil prices fell today following expectations that a potential peace deal between Ukraine and Russia would end sanctions that have disrupted supply flows. Brent futures were down 55 cents, or 0.73%, at $74.63 a barrel, while US West Texas Intermediate (WTI) crude dropped 52 cents, or 0.73%, to $70.85.

US Dollar Index Experiences Slight Decline Against Major Currencies

New York: The US dollar index, which measures the US currency against major currencies, decreased by 0.03% today, reaching 107.88, after a one-week high of 108.52 in the previous session. According to Oman News Agency, the dollar slightly fell against the Japanese yen by 0.06%, reaching 154.33 yen, but remains

Agreements Inked to Finance Development Projects in Musandam

Musandam: Sayyid Ibrahim Said Al Busaidi, Governor of Musandam, sponsored the signing ceremony of two agreements and two memorandums of cooperation by the Development Bank. These agreements focus on developmental financing for projects in the fisheries and tourism sectors, as well as the launch of the Economic and Green Horticulture

Oman Oil Price Drops 1.98 US Dollars

Muscat: Oman oil price (April delivery 2025) today reached 76.95 US Dollars, comprising a drop by 1.98 US Dollars, compared to the price of yesterday ‘Wednesday’ which was 78.93 US Dollars. According to Oman News Agency, the average price of Oman oil (February delivery 2025) has stabilized at 73.16 US

GCCIA, QDF Ink Financing Agreement for Oman Direct Interconnection Project

Muscat: The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Qatar Development Fund (QDF) formalized their partnership in a landmark financing agreement to the tune of USD 100 million. This agreement paves the way for a transformative direct grid connection project linking the GCCIA network with the Sultanate of Oman,

Eurozone Industrial Output Falls More Than Expected

Eurozone: Eurozone industrial production registered a bigger-than-expected decline in December 2024 due to sharp falls in capital and intermediate goods output, figures from the Eurostat Statistical Office revealed today. According to Oman News Agency, industrial output fell 1.1% in December 2024 from November. The fall was deeper than the forecast

MSX Drops 8 Points

Muscat: Muscat Stock Exchange (MSX) general index (30) today dropped (8.1) points, comprising a decline by (0.180%) to close at (4478.20) points, compared to the last session, which stood at (4486.35) points. According to Oman News Agency, the trading value today stood at (RO 3,078,000), comprising a drop by (49.1%),

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